Define industry. Explain different types of industries giving examples.
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Industry:
- The industry is the economic activity that processes the raw material into finished goods or goods which act as raw material for other industries.
- It adds value to the commodity by enhancing its quality and transforming into goods of use.
Different types of industries include:
- Primary industries: It involves getting raw material like mining, farming, fishing
- Secondary industry: It transforms the finished goods of the primary industry into consumer goods like the automobile industry, tire making industry, etc.
- Tertiary industry: provide a service like transporting, teaching, nursing, etc
- Quaternary industry: which involves research and development like IT industry, forensics, etc.
Learn more about Industry:
Give Reason why the software industry emerged as a major industries in India.
https://brainly.in/question/6525164
Why is the chemical industry considered a basic industry?
https://brainly.in/question/2717402
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